Qualcomm Shares Rising One Day After Apple Deal Announced
April 17 2019 - 2:29PM
Dow Jones News
By Stephen Nakrosis
Shares of Qualcomm Inc. (QCOM) are among the most actively
traded Wednesday, gaining over 11% a day after the company and
Apple Inc. (AAPL) announced a settlement to dismiss all litigation
related to the companies' battle over patent royalties.
At 1:52 p.m. ET, Qualcomm's shares had risen 10.89% to trade at
$78.10. More than 117.8 million shares had traded, above the 65-day
average volume of some 15.4 million.
Apple shares also are up on the day, gaining 1.98% to trade at
$203.18.
The terms of the settlement also include a six-year licensing
agreement, a multiyear chipset supply agreement and a payment from
Apple to Qualcomm.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 17, 2019 14:14 ET (18:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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